Payment Components has been providing comprehensive quotations for
financial institutions, banks and software companies for over eight years
and when determining the price of a client’s SWIFT financial messaging
solution, there are four key price factors that we consider.

And we believe that every prospective client should have a thorough
understanding of these pricing factors when they begin to look for their
SWIFT financial messaging solution.

So, in order to ensure your SWIFT project is priced correctly, we have set
out the four key price factors that we use to determine each of our clients’
project quotations.

4 Price Factors That Determine SWIFT Financial
Messaging Pricing

1. Which Library do you require, SWIFT MT, SWIFT MX or
SEPA?

The first price factor that needs to be considered when establishing the
pricing of a SWIFT financial messaging solution is to establish which of the
libraries you require; SWIFT MT or SWIFT MX, or SEPA?

2. Do you require the whole SWIFT library or just a
few components?

Next you will need to consider if you require the whole of a SWIFT library or
just a few of its components? This will have an impact on the price, with a
whole library usually priced up to ten times the price of a single component.

3. How many installations of your required SWIFT library
will you require?

Once you’ve established how much of your chosen library you require, you
will then need to determine if you require it to be installed on a single site or
multiple sites? As each installation, will typically increase the overall price.

4. What maintenance and support levels will you require?

Finally, the maintenance and support requirements of your new SWIFT
infrastructure will need to be considered, including support levels, response
times and what level of personal will actually be providing your
maintenance and support.

Conclusion

Having a thorough understanding of the four price factors that determine
SWIFT messaging pricing before you start considering service providers,
will ensure you receive comprehensive project quotations and all your
SWIFT messaging requirements are taken into account.
And of course, we would be delighted to provide you with a full and
comprehensive Payment Components quotation which takes into account
each of these key price factors for your specific SWIFT financial messaging
project requirements.